By
Bilal Hafeez
28-08-2019
In: hive-exclusives | Economics
Europe
FX
Geopolitics
Growth & Labour Market
Monetary Policy & Inflation
Rates
US
My Five Takeways from the Fed’s Jackson Hole Symposium
(4 min read)
The annual Jackson Hole gathering of leading Fed officials, international central bankers, and academics, always provides a snapshot of high profile thought on policy. And this year’s was no different. Below are my five key observations from the event:
1. Running Out of Room for Cuts and the Drop in r*
a. Fed Chair Powell noted that the pre-2008 era was characterized by ‘long expansions supported by better monetary policy inevitably lead[ing] to destabilizing financial excesses’. The current (post-crisis) era’s question is ‘how best to promote sustained prosperity in a world of slow global growth, low inflation, and low interest rates’...
1. Running Out of Room for Cuts and the Drop in r*
a. Fed Chair Powell noted that the pre-2008 era was characterized by ‘long expansions supported by better monetary policy inevitably lead[ing] to destabilizing financial excesses’. The current (post-crisis) era’s question is ‘how best to promote sustained prosperity in a world of slow global growth, low inflation, and low interest rates’...
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